Public Storage (PSA-PN)
Public Storage operates in the REIT - Industrial industry of the Real Estate sector, headquartered in Frisco, TX, US. The stock last traded at $14.90, up 0.27% on the session, giving a market capitalisation of $60.53B. On trailing twelve-month figures it carries a trailing P/E of 30.79, a net margin of 41.8%. Its beta of 0.95 implies it has historically moved less than the broad market.
Public Storage is a prominent real estate investment trust (REIT) focused primarily on the acquisition, development, ownership, and operation of self-storage facilities. Recognized as a constituent of both the S&P 500 and FT Global 500 indices, the company reported a substantial portfolio as of September 30, 2020. This included direct ownership of approximately 2,504 self-storage properties across 38 U.S. states, encompassing a vast 171 million net rentable square feet. Beyond its domestic presence, Public Storage maintained a significant common equity stake of roughly 35% in Shurgard Self Storage SA (Euronext Brussels:SHUR), which operated 239 self-storage locations under the "Shurgard" brand across seven Western European nations, offering approximately 13 million net rentable square feet. Additionally, the REIT held an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, at the same date, managed roughly 28 million rentable square feet of commercial properties. The corporate headquarters for Public Storage is situated in Glendale, California.
Public Storage is most often compared with the following Real Estate names: